Company name
Green Perú, S.A.
Project number
PE3083A-02
N/A
E&S category
N/A
Country
Peru
Sector
Agribusiness
Status
Completed
Disclosed date
01/05/2007
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
02/06/2007
Approval date
02/06/2007
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 7,000,000
Financing amount
USD $ 5,000,000
Currency
USD
Project scope and objective
The project is a 5-year loan with an 18-month grace period to finance a 550-hectare expansion of asparagus cultivation and an increase in the capacity of installations for fresh and canned asparagus, which requires: i) enlarging and relocating the raw materials chamber; ii) building a new chamber for finished fresh products; iii) building a second installation for fresh products; and iv) expanding water purification capacity, as well as using working capital to support a sales increase between 2006 and 2008 (collectively, the "Project"). The estimated total cost of the Project is approximately twelve million United States dollars (US$12 million).
With this loan, the IIC is helping to increase the Peruvian agribusiness sector’s export capacity by financing projects that generate a high value-added component and many new jobs. Green Perú, S. A. is a medium-size company that cultivates and processes high-quality agricultural products mainly destined for the European market. This financing would allow Green Perú, S. A. to make the most of its competitive advantages in asparagus production to compete more efficiently in the international market.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
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Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ENVIRONMENTAL AND SOCIAL REVIEW
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